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Victoria’s The Peak secures two new tenants

Two new tenants have signed up for space in The Peak development in Victoria, SW1.

The lettings by Reed Executive and David Sainsbury’s Gatsby Foundation mean the development is now 80% occupied.

AXA Real Estate Investment Managers, The Co-Operative and Heron International are celebrating after securing two tenants for their office space development in Victoria, SW1.

Recruitment firm Reed Executive and David Sainsbury’s charity The Gatsby Foundation have both agreed to lease space in The Peak. The lettings mean the companies will join existing tenants such as G4S and Wates in the property which is now about 80% occupied. (more…)

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New report predicts more than 50% of employees will work from home in future

Filed under: News — Tags: anticipated rise in remote working in next decade, commuting to London offices, flexible working, remote working, Unwork.com Annual study, Virgin Media Business study — Amy Edwards @ 10:22 am

New report suggests in-office working may become a thing of the past.

5000 company bosses believe more than half of employees will work from home in the future according to the Virgin Media Business study.

Within the next decade more than half of all employees will work from home – that’s the message from the latest Virgin Media Business study which interviewed 5000 company bosses across a range of industries.

In addition to the introduction of more flexible working practices, the report found that 72% of bosses also believed that meeting in person could soon become outdated and unnecessary. The report goes on to say that a large number of businesses are already putting flexible working methods into practice in anticipation of the changes. (more…)

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Barclays to offer 1000 apprenticeships at London offices

Filed under: News — Tags: Barclays Apprenticeship Programme, Barclays to offer apprenticeship positions in London, Employer ownership of skills pilot, London apprentices, London office space — Amy Edwards @ 9:42 am

Barclays has opened its new apprenticeship scheme at its offices in London.

The £20 million scheme will offer 1000 apprenticeships to young people with no prior skills or qualifications.

Barclays has announced it is to offer 1000 apprenticeships to young people with no prior skills or qualifications at its London offices.

The £20 million Barclays Apprenticeship Programme opened yesterday and has been designed to offer young people an opportunity to carve out a career in banking. Although Barclays says the scheme is 100% independent, the announcement comes just days after the Prime Minister David Cameron announced an employer ownership of skills pilot which encourages businesses to take on apprentices and offers £250 million in public investment for skills training. (more…)

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Hollywood comes to the rescue of struggling London office space market

Filed under: News — Tags: Hollywood film studios use London office space for film sets, London office space market, London office space used for film sets, Shard turns down James Bond film requests, The Walbrook building used in Johnny English film — Amy Edwards @ 9:32 am

Vacant London office space has caught the attention of Hollywood film bosses.

London developers are allowing studios to turn their vacant office space into film sets.

An unlikely source has come to the rescue of the flailing London office space market in the shape of a number of Hollywood studios.

Keen to fill vacant office space and generate funds, a growing number of London developers are allowing film companies to shoot scenes and sequences within their properties. In addition to increasing cashflow, the capital’s developers are hoping that their building’s starring role in the next big blockbuster will also help to generate publicity and potential tenant interest. (more…)

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Hammerson to sell off office portfolio

Filed under: News — Tags: 99 Bishopsgate up for sale, Hammerson office portfolio, Hammerson to sell London offices, Hammerson to sell office portfolio, London office space — Amy Edwards @ 9:13 am

Hammerson has announced it is to sell off its entire office space portfolio.

The firm will put more than £500 million worth of property onto the market to concentrate on its retail sites.

The developer Hammerson has shocked the commercial property industry by announcing it is to pull out of the office space market altogether to concentrate on its retail space.

The Bullring-owner will now sell off its entire London-based office portfolio, which is thought to be worth around £500 million, over the next three years. Hammerson’s office portfolio consists of four buildings in the City and two in the West End and is thought to amount to 10% of their £5.7 billion portfolio. (more…)

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£1 billion White City regeneration scheme given green light

Filed under: News — Tags: Office space near Westfield shopping centre, Westfield regeneration White City, White City office space, White City regeneration — Amy Edwards @ 9:25 am

A new £1 billion regeneration scheme in White City has received planning permission.

The Westfield scheme will take 15 years to complete and will add more than 500 sq m of office space to the area.

Westfield has announced that it has received planning permission for a £1 billion regeneration scheme in White City.

The scheme involves extending the current shopping centre on Wood Lane and building more than 500 sq m of office space. In addition to office space and 52,000 sq m of retail space, the regeneration scheme will also bring 1,500 new homes to the area as well as a host of restaurants. (more…)

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Harvey Nash to lease office space in Heron Tower

Filed under: News — Tags: Bishopsgate office space, EC2 office space, Harvey Nash to relocate from Mayfair to Heron Tower, Harvey Nash to relocate to Heron Tower, Heron Tower — Amy Edwards @ 9:27 am

Harvey Nash has announced it is to relocate its headquarters to Heron Tower on Bishopsgate.

The professional services group’s decision to stay in the capital has been interpreted as a sign of confidence in the London office space market.

Professional services group Harvey Nash has announced that it has shunned options in New York, Dublin and Hong Kong in favour of office space in London.

In the clearest sign yet that the London office space market is still an attractive option, the group have confirmed they will relocate their headquarters from Mayfair to Heron Tower on Bishopsgate. Harvey Nash will take space on the eleventh floor on a 10 year lease when it relocates later this year. (more…)

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Could the Eurozone crisis stall the London office space market?

Filed under: News — Tags: EC Harris, London office space, The Cheesegrater, The Eurozone crisis could stall London office development, Walkie Talkie tower — Amy Edwards @ 9:24 am

Fears are growing that proposed London office developments could be put on hold as a result of economic uncertainty in the Eurozone.

Experts warn the Eurozone crisis could affect tenant demand and access to funding.

The progress of planned London office space could be halted as concerns over the Eurozone crisis continue to mount – that’s the message from a number of industry insiders this week.

Richard Taylor from EC Harris believes economic uncertainty in the Eurozone means some developers could struggle to secure pre-let tenants and external funding for their proposed projects. It’s feared these factors could in turn lead some developers to abandon their proposed London office space schemes altogether. (more…)

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LaSalle secures two new office space tenants at Farringdon Place

Filed under: News — Tags: 20 Farringdon Place, AMEC Plc leases office space at 20 Farringdon Place, Farringdon office space, Karma Communications Group leases office space at 20 Farringdon Place, LaSalle Investment Management — Amy Edwards @ 2:54 pm

LaSalle Investment Management has confirmed it has secured two new leases at Farringdon Place, EC1.

Karma Communications and AMEC Plc have both agreed to lease office space in the City of London.

LaSalle Investment Management has made a strong start to the year by securing two new tenants for its office space development in Farringdon, EC1.

According to reports, the creative agency Karma Communications Group, whose clients include Nintendo and Coca Cola, and business consultancy firm AMEC Plc have both agreed to lease space at Farringdon Place. Between them the pair will lease more than 65,000 sq ft of newly refurbished office space in one of the City’s most prestigious locations. (more…)

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CCPIB teams up with Land Securities to develop Victoria Circle

Filed under: News — Tags: Land Sec teams up with CCPIB for Victoria Circle development, Land Securities Victoria redevelopment, London office space, office space in Victoria, SW1 office space, Victoria Circle Development — Amy Edwards @ 9:38 am

Land Securities and the Canadian Pension Plan Investment Board have formed a joint venture to develop office space in London.

The partnership will work on the development of Victoria Circle in SW1.

Land Securities has announced it has teamed up with the Canadian Pension Plan Investment Board to develop its Victoria Circle site in London.

According to reports, the development in SW1 was sold to the joint venture for £163 million earlier this week. The partnership will now co-fund the development of the PLP Architecture-designed site which will include retail, residential and office space in the heart of the capital. (more…)

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